Mortgage Market Research

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A 6 page paper describing research into the current mortgage market. Following the meltdown of the subprime mortgage market in 2007, by early 2008 inventory is up and prices are down. In many areas of the country it appears that the housing market has hit bottom and now is poised to rebound. There is one major hurdle, however: it is increasingly difficult for those with good credit and solid income to gain a traditional mortgage. The object of the research effort is to discover underlying reasons for higher default rates associated with lower credit scores. Bibliography lists 5 sources.